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Nb 1.0 trend trade system

  • #101
  • Jan 2, 2011 6:31pm Jan 2, 2011 6:31pm
Quoting ericjschroed
Bob, (when) do you move your SL to BE?
Still thinking on this but if price moves into profit I will turn on the close sell/buy EA and that gives me a moving SL line or TP line. I will look back at a lower TF if I want to get into profit quickly I will go to a higher TF if I think the fundamental trade needs more rooom. But generally I will move it up after 15-20 pips if I am not using the close EA or a MPTM. I need some trading time with this before I make a hard decision.
  • #102
  • Jan 2, 2011 6:38pm Jan 2, 2011 6:38pm
Quoting Bunker
Hi NB,

Thank you for your generosity. As I mentioned a few times on your Forum, I am a huge fan and although I am just a beginner, my “pips” report card for 2010 is in a (small) positive and this is because of your guidance.

[font=Times New Roman][size=3]The TMA seems to be a sensitive topic and I didn’t want to bring it back. However, it has been a bit of a puzzle for me since I made the leap from the 6TH. So I attached a small document with...
I looked at your picture and understand your point. Since the 5MA is above the light blue line when price is at the top of the TMA you may take the trade. as price moves down the 5MA will move up to meet it giving you a better position at the entrance. My rule states if the 5MA is above the light blue MA at the same time price is around the TMA lines take the trade. A trade like that will be determined by looking at all 20 currencies and seeing which ones look best. If this ended up being the best looking trade at the time I probably would take it, however, if other currencies show better trades than it I probably would not take it. So that how it will play out.
  • #103
  • Jan 2, 2011 6:38pm Jan 2, 2011 6:38pm
nanningbop,

can u say that eurusd in a downtrend ?? what does your EA says now ?
  • #104
  • Jan 2, 2011 7:01pm Jan 2, 2011 7:01pm
The Sell EA just executed on GU for me.
  • #105
  • Jan 2, 2011 7:07pm Jan 2, 2011 7:07pm
Quoting crisis
nanningbop,

can u say that eurusd in a downtrend ?? what does your EA says now ?
As per rules, EU is in uptrend now since center line of TMA (lightblue) has crossed the 240 SMMA (yellow). We have to treat it as a retrace in uptrend (chart with TMATrue, with regular TMA the uptrend cross would be shown few hours earlier atm).

edit: pls ignore the sell (entered on friday)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 14 KB
:-anything
  • #106
  • Jan 2, 2011 8:32pm Jan 2, 2011 8:32pm
Quoting nanningbob
Ok gbp/usd is the only real good trade I see this morning so I turned on my EA and see what happens. If price continues up the light blue willl cross the dark blue line and I will turn the EA off because we have confirmation that the trend has change directions. If price goes back south we will have a continuation of the DT after a nice retrace. So here we go, our first trade.
Bob,

I see today is a bank holiday in the UK. Would that affect your decision to trade the G/U on a live acc't? (I'm assuming you're on demo atm.)

Mike
  • #107
  • Jan 2, 2011 8:47pm Jan 2, 2011 8:47pm
just confirming. This is NOT a valid buy trade because PA is under the 5 MA even though PA bounced off the green TMA and PA is above the blue 240
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 44 KB
  • #108
  • Jan 2, 2011 8:57pm Jan 2, 2011 8:57pm
Quoting dryclean
just confirming. This is NOT a valid buy trade because PA is under the 5 MA even though PA bounced off the green TMA and PA is above the blue 240
It is a possible trade developing. You are in the JPY session, Price probably wont go far in the next several hours. However price and the 5MA will move close enough to make it a valid trade. So if price action stagnates the 5MA will close in on the TMA green line, price will be at or near the green line and the signal to turn on the EA will be a valid one. It will probably take 4-6 hours for this trade to happen but if it does it will be a valid trade signal. It is one thing to look back at a chart after all the action and its another one to see it develop. This is a possible trade in development. By the time we get to the EUR session it will be a valid trade. It probably will show to be one in 1-3 hours. The beauty of this is you can turn on the EA, go to bed, get up in the morning and find out three things.
1. the trend continued and the trade entered.
2. the trend did not continue and the trade did not enter.
3. Its Monday and price stagnated and didnt go anywhere making it a perfect trade setup for tomorrow.
  • #109
  • Jan 2, 2011 9:24pm Jan 2, 2011 9:24pm
So when the 5MA goes below PA then turn the buy ea on? How close should PA be near the green or middle blue line

What if the pa is above the light blue TMA line, would you still put the ea on or just look for a better setup on another pair
  • #110
  • Jan 2, 2011 9:33pm Jan 2, 2011 9:33pm
Quoting Pinhead
Bob,

I see today is a bank holiday in the UK. Would that affect your decision to trade the G/U on a live acc't? (I'm assuming you're on demo atm.)

Mike
The first two weeks of Jan are usually bad weeks to trade. Businesses are recuperating from Christmas sales, people are not spending. They also are closing their books and are not making major moves. Traders and banks are sitting on their hands etc etc. So I wouldnt put a whole lot into what happens the next two weeks. It does give us time to trade and practice a little though. However, one of my best days trading ever was the 4th of July in 2007. Had a field day scalping the bounce up and down on the eur/usd all day on the 5 minute chart.
  • #111
  • Jan 2, 2011 9:39pm Jan 2, 2011 9:39pm
Quoting dryclean
So when the 5MA goes below PA then turn the buy ea on? How close should PA be near the green or middle blue line

What if the pa is above the light blue TMA line, would you still put the ea on or just look for a better setup on another pair
You have to remember I have pushed the 5MA 5 hours into the future so it will be slow getting to the green line. If price is there now It will get there in 5 hours. What I am looking for is price being spaced from it so whenever it reverses they are on a collision course. The real concern is making sure your SL is not too far away. So if in 3 hours price begins to go back into its trend the 5MA will be well below the blue 240. After you see this for several weeks you will see trades develop and you will know better. It is kind of exciting after a while when you read these signals and see the plan fall together over time. I have been using 5 shifted 5 and 5 shifted 3 for about 2 months now and I am used to watching these things come together and seeing them starting to set up hours in advance.
  • #112
  • Edited Jan 3, 2011 8:13pm Jan 2, 2011 10:13pm | Edited Jan 3, 2011 8:13pm
here is my first trade with the system. i might not have entered correctly (gap, lateness) but i'm just trying to get a feel for what works within this context. hope everyone finds success with this new method. cheers
  • #113
  • Jan 2, 2011 10:23pm Jan 2, 2011 10:23pm
Quoting dryclean
just confirming. This is NOT a valid buy trade because PA is under the 5 MA even though PA bounced off the green TMA and PA is above the blue 240
Felicitation Nb, Great System you put up.


I see a little problem here. This other guy feed (Alpari US) close a few hour later on friday then Alpari UK, making some big difference on the TMA, Price haven't reach the TMA lower ban on the UK alpari. See for your self.

My chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eu240nan.gif Size: 22 KB


This other guy chart.
Attached Image (click to enlarge)
Click to Enlarge Name: euother.gif Size: 44 KB
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #114
  • Jan 2, 2011 10:26pm Jan 2, 2011 10:26pm
Quoting GreatYves
Felicitation Nb, Great System you put up.


I see a little problem here. This other guy feed (Alpari US) close a few hour later on friday then Alpari UK, making some big difference on the TMA, Price haven't reach the TMA lower ban on the UK alpari. See for your self.

My chart.
Attachment

This other guy chart.
Attachment
my chart has even more of a discrepancy..
  • #115
  • Jan 2, 2011 10:28pm Jan 2, 2011 10:28pm
Would it be too early to turn on 5x5 buy EA on eur/usd? I want to go to bed!!
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #116
  • Jan 2, 2011 10:47pm Jan 2, 2011 10:47pm
I have to admit...I stopped reading after about the second sentence. Have a nice life.

Quoting nanningbob
We have had this discussion before and it is irrelevant. The 5MA is the key not the TMA. When in real time the TMA works just fine. If you look at the trades when price crosses the 5MA you enter the trade. Where the TMA lines are 1, 2 ,3 weeks after you have traded and done are meaningless. Are you also going to argue that the 5MA lines have moved too????? At the time of the trade, the real time of the trade signal, it is relevant. That is the part you have failed to understand everytime we have this discussion. You still have not seen that the...
  • #117
  • Jan 2, 2011 11:59pm Jan 2, 2011 11:59pm
Quoting nanningbob
With my system Tuesday last week would be the best day to enter the trade. The harder question is when to exit. NZD and AUD pairs like to run and run and run. I often just take my 50 pips and wait for the next signal but as long as price stays above the 5MA line you can stay in. See pic below.

But Bob, if you were looking at the chart at real time, I suspect this trade would not be a valid trade.

it is clear that the price never touch the green line of TMA true. I am not sure if it would touch TMA center green line at the bar which crosses the 5MA.

any thoughts?

-Henry
  • #118
  • Jan 3, 2011 1:31am Jan 3, 2011 1:31am
Quoting henryloving
But Bob, if you were looking at the chart at real time, I suspect this trade would not be a valid trade.

it is clear that the price never touch the green line of TMA true. I am not sure if it would touch TMA center green line at the bar which crosses the 5MA.

any thoughts?

-Henry
I may be wrong (have been at least once in my life), but it sounds like you are trying to force Forex trading into the Science category where everything is precise and measured, but the hardest, and longest, lesson for me to learn is/was that it really is more Art than Science and sometimes close is good enough, but only after you have traded and watched and learned long enough will you start to "get it". Just try to hang in there while you feed your brain the input it needs to succeed. I think I'm getting close.

In Bob's instructions he mentions that price may nearly touch the TMA; it's really more of an interpretation of the current market and trend. For me, if I'm in doubt, I'll only risk 1/2 of my normal lot size, or even 1/4. That way I can still play, but not worry if I'm wrong, and I'll learn something more. Eventually I'll be able to trust that "gut feeling" when my subconscious has gathered enough information.

Also, you are free to disregard everything I said if you feel I'm wrong or it doesn't apply to you. Cheers.
  • #119
  • Edited 6:19am Jan 3, 2011 1:59am | Edited 6:19am
Bob,

Thanks for this awesome system. I created an id in FF just to Thank you.

BTW, I created a TMA Angle, similar to MACD. There are two pictures explaining what the indicator is doing.

Attached Image (click to enlarge)
Click to Enlarge Name: TMATrue_MACD.png Size: 246 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TMA_MACD.png Size: 159 KB


Attached File(s)
File Type: mq4 TMA Angle.mq4   3 KB | 987 downloads


Update: The PIP difference were incorrect for JPY pairs on 5 digit brokers, it is fixed now.

Kumar
  • #120
  • Jan 3, 2011 2:15am Jan 3, 2011 2:15am
OK, here is my virgin post.

First of all, my thanks for this. You have obviously put a lot of effort in to this.

I think I understand this, but will paper-trade for a while until I know I understand this

Somewhere you mention 20 currency pairs. Probably, this is way too many for a noobie like myself to dive in to. I will start with Cable at least, but are there any other pairs (up to a maximum of about 6 I think) you recommend cutting one's teeth on? Or, would you say "bite the bullet" and use all 20
pairs?

By the way, which 20 pairs?

Happy New Year all.
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